If Demand Is Price Inelastic,then When Price Rises

question 84

Multiple Choice

If demand is price inelastic,then when price rises,

• A) total revenue will fall.
• B) total revenue will rise.
• C) total revenue will remain unchanged.
• D) total revenue may rise,fall,or remain unchanged.More information is need to determine the change in total revenue with certainty.

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Definitions:

Liver

A large, vital organ in the human body that performs many essential functions related to digestion, metabolism, immunity, and the storage of nutrients within the body.

Excessive Drinking

Consumption of alcohol amounts that significantly exceed recommended guidelines and potentially lead to health problems or dependency.

Caffeine Use

The consumption of caffeine, a stimulant found in coffee, tea, chocolate, energy drinks, and certain medications, which can affect mental alertness and physical performance.

Physical Effects

The bodily changes or consequences that result from an action, condition, or disease.